Devyani-Sapphire Merger Gets CCI Nod: KFC India, Pizza Hut Ops Unify Under QSR Powerhouse
The country’s organised dining sector is set for further consolidation, with the Competition Commission of India clearing the proposed merger of Sapphire Foods India into Devyani International, bringing the two major franchise operators of KFC and Pizza Hut in India closer to operating under a single corporate umbrella. In its stock exchange filing, Devyani International…